One benefit of monopolistic competition over perfect competition is A) economic profit. B) ...

Author Question: One benefit of monopolistic competition over perfect competition is A) economic profit. B) ... (Read 123 times)

drink

Hero Member
Posts: 554

on: Jun 29, 2018

One benefit of monopolistic competition over perfect competition is

A) economic profit.
B) product variety.
C) excess capacity.
D) efficiency.

Question 2

The ________ effect can be divided into the ________ effect and the ________ effect.

A) marginal; substitution; price
B) income; substitution; price
C) substitution; price; income
D) price; substitution; income

lauravaras

Sr. Member
Posts: 347

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

D

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